They offered us fast & accurate responses to all your queries on their fees, regulations, funding & withdrawals. A MetaTrader only broker, Exness offers you to trade on both MT5 and MT4 Platforms. We reviewed 18 brokers that accepted MPesa, and have chosen only those forex brokers that are highly regulated – having minimum 2 Tier-1 & Tier-2 Regulations. All these are also having an established track record and reputation. But there are only a few brokers that offer local deposit & withdrawal methods. Traders in Kenya must select only from among the very few highly regulated Forex brokers that offer MPesa.
However, please note that LunarCapital does not accept retail traders from the UK and the EEA region despite having regulations there. Higher leverage is available for forex and commodities, while stocks, indices, and cryptocurrencies have lower leverage caps. While it can amplify potential profits, it also amplifies potential losses.
What is the maximum leverage of LunarCapital?
- With HFcopy, traders can browse a curated list of strategy providers, analyse their performance metrics, and seamlessly copy their trades.
- When you get to the next step, it’s time to choose which account type you’d like to open.
- LunarCapital also provides traders with a large amount of market research.
- The minimum deposit is 300 USD for SPs and 100 USD for Followers, and accounts are only denominated in USD.
- This proprietary web-based platform is designed for ease of use, featuring one-click trading, real-time market data, and a customisable interface.
We are also going to briefly review what this broker has to offer to its traders. Because of its no https://lunarcapital.live/ minimum deposit for various account types, great trading instructional tools, and easy-to-use MetaTrader platforms, LunarCapital especially suitable for newbies in trading. Also, the availability of the Cent Account is another plus since not so many Broker right now offering trading on Cents without running major risk. Also, Zero Account of LunarCapital can save costs for more seasoned traders, while High-frequency traders, in particular, value the commission structure and incredibly tight spreads. Yet, LunarCapital might not be the best for traders who prefer other than MetaTrader platforms and need thousands of tradable instruments. This low minimum deposit helps traders to enter the market easily, with minimal financial risk.
Does LunarCapital offer a no-deposit bonus in Kenya?
- As an aside, while we haven’t physically tested the spreads ourselves with HF Markets, we have tested RAW spreads with other brokers like Pepperstone, IC Markets, and Fusion Markets.
- For experienced traders, it provides a virtual space to test and refine trading strategies under real market conditions before implementing them in live trading.
- Moreover, LunarCapital also provides insurance cover in case of any security incidents in terms of client funds.
- To open an account, simply click “Register” on the LunarCapital homepage, complete your profile, upload the required documents, and choose your trading platform.
- LunarCapital’s commission account charges a commission of $3.00 per side for USD accounts.
While trading with LunarCapital we found available fixed or floating leverage, which is indeed a very useful tool, especially for traders of smaller size. Leverage brings an opportunity to increase your potential gains through its possibility to multiply balance in a particular number of times. Yet remember that leverage may work in reverse too, defining also your risks, that is why it’s so important to understand how to use tools smartly. Standing on a strong background and with multiple regulations, LunarCapital Group provides Financial Stability and consistency, ensuring adherence to rigorous financial standards. Traders at LunarCapital are exposed to lower financial risk with negative balance protection and transparent operations Broker establish with clarity of trading conditions provided. Secure, regulated and built for performance LunarCapital Broker gives you instant access to global financial markets with powerful tools, competitive spreads, and award-winning support.
Swap-Free Account Fees
However, it requires traders to pay a commission of $3 per side per lot. LunarCapital offers 4 account types Cent, Zero, Pro, Premium and Top-up Bonus with tight spreads averaging EUR USD 0.1 also operating unrestricted liquidity. Which is allows any size or profile trader choose between various spreads and liquidity providers via automated trading platforms and perform any strategy, including News trading. Unlike many other international brokers, Hotforex south africa offers ZAR trading accounts which are very convenient. It also offers fast and free deposits and withdrawals in South African Rands from a range of local banks, including FNB, ABSA, Nedbank, and Standard Bank, among others.
A PAMM account takes copy trading to a more advanced level and allows you to sign up as a fund manager, where you can manage funds for investors at a pre-agreed percentage of profits. As a strategy provider, you can trade your strategy and earn additional revenue by allowing people to copy your trades. As a follower, you can deposit funds and elect to automatically copy the trades of a strategy provider. We collected data from the websites of 50 different brokers so we think this sample size provides a fair base to calculate industry averages. In the sample below, we can see that LunarCapital isn’t the best choice for spread-only trading given most other brokers perform better.
The cheapest account on LunarCapital is the LunarCapital Zero account with raw spreads starting from 0 pips and $6/lot commission round turn (14% cheaper than the standard industry commission of $7/lot). Traders using the LunarCapital Zero account can choose between the MT4 and MT5 trading platforms. The account also comes with an Islamic swap-free option, accommodating a range of trading preferences and needs. LunarCapital may charge a currency conversion fee if deposits and withdrawals do not match the account base currency selected.
Deposit and Withdrawal Fees
After your account is verified your account, only then you can make your first deposit to start trading. After selecting your account, click Open Account which will take you to the Sign Up page. You will be asked to “choose your base currency” (you can select from USD, EUR or NGN). Then you will need to fill your basic Personal Information i.e.
Lastly, for reliability, LunarCapital Group is highly regulated by authorities and holds top-tier licenses, ensuring credibility. A web trading platform available from LunarCapital gives traders a convenient interface. Testing the LunarCapital online platform reveals simple layout makes it easier to navigate for beginning and expert traders. Platform improves the trading experience by allowing flawless trade execution, account monitoring, and access to real-time market data.
LunarCapital Pro account is not available for traders in the EU, UK, and Australia. The LunarCapital Premium account includes a choice of base currencies – USD, EUR, PLN, NGN, JPY – varying according to the trader’s location and the broker’s entity. The Premium account still maintains an accessible entry point with a minimum deposit of $0.
The lessons can be as simple as explaining basic market terms, and to advanced as learning how to build mathematical models to analyse and trade markets. Or, you can choose to withdraw to a crypto account, or e-wallet such as Skrill or BitPay for a much quicker withdrawal. These include your full name, gender, country of birth, phone number and the base currency you’d like your account to be held in.
This setup creates additional income streams without needing to recruit traders directly. If you funded through M-Pesa or bank card, the money will return to the same method. Processing is available 24/7, though timing may depend on your bank or provider.
Customer funds that are deposited on their website are secured, as the company is regulated by multiple Top-tier market regulators in multiple regions. Moreover, LunarCapital also provides insurance cover in case of any security incidents in terms of client funds. LunarCapital is a Forex & CFD broker that was founded in 2010 & is quite popular in Nigeria.
